Newly listed firms' IPOs are seeing significant promoter and VC/PE cashing out, raising concerns about fund utilization for business growth. While a portion of IPO funds is used for growth, some are allocated to repaying working capital loans, strengthening balance sheets. These investors backed startups, taking risks and requiring exits to reinvest. Their support has been crucial for many businesses, job creation, and economic development, making their eventual exit a natural part of the investment cycle.